30 years of historical data (1996–2025) · Communication Services · Telecommunications Services
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Vodafone Group Public Limited Company currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 3.5x P/FCF, roughly in line with the 5-year average of 3.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $35.8B | $24.6B | $24.2B | $30.7B | $40.8B | $45.2B | $33.8B | $50.2B | $77.5B | $73.9B | $85.5B |
| Enterprise Value | $89.5B | $70.1B | $76.5B | $90.1B | $110.4B | $106.2B | $89.9B | $89.5B | $116.1B | $111.7B | $124.7B |
| P/E Ratio → | -8.14 | — | 21.19 | 2.57 | 21.58 | 921.50 | — | — | 17.39 | — | — |
| P/S Ratio | 0.81 | 0.66 | 0.66 | 0.81 | 1.10 | 1.03 | 0.75 | 1.15 | 1.66 | 1.55 | 1.65 |
| P/B Ratio | 0.59 | 0.42 | 0.40 | 0.44 | 0.64 | 0.78 | 0.54 | 0.79 | 1.13 | 1.00 | 1.00 |
| P/FCF | 3.50 | 2.83 | 2.49 | 2.34 | 3.64 | 5.69 | 3.64 | 13.34 | 20.62 | 9.31 | — |
| P/OCF | 1.97 | 1.60 | 1.46 | 1.70 | 2.26 | 2.63 | 1.94 | 3.87 | 5.70 | 5.20 | 6.44 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Vodafone Group Public Limited Company's enterprise value stands at 7.3x EBITDA, 30% above its 5-year average of 5.6x. This is roughly in line with the Communication Services sector median of 7.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.87 | 2.08 | 2.39 | 2.98 | 2.42 | 2.00 | 2.05 | 2.49 | 2.34 | 2.40 |
| EV / EBITDA | 7.30 | 6.74 | 5.43 | 3.65 | 6.83 | 5.52 | 5.05 | 6.74 | 7.62 | 7.86 | 9.04 |
| EV / EBIT | — | 86.51 | 17.51 | 5.80 | 17.15 | 15.38 | 24.80 | — | 22.85 | 24.81 | 120.00 |
| EV / FCF | — | 8.08 | 7.89 | 6.88 | 9.85 | 13.35 | 9.67 | 23.79 | 30.88 | 14.07 | — |
Margins and return-on-capital ratios measuring operating efficiency
Vodafone Group Public Limited Company earns an operating margin of -1.1%. Operating margins have compressed from 38.4% to -1.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -7.0% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.4% | 33.4% | 33.4% | 35.3% | 35.3% | 31.3% | 31.8% | 30.9% | 29.6% | 27.4% | 25.7% |
| Operating Margin | -1.1% | -1.1% | 10.0% | 38.4% | 15.5% | 11.7% | 8.1% | 8.0% | 10.4% | 6.5% | 3.4% |
| Net Profit Margin | -11.1% | -11.1% | 3.1% | 31.4% | 6.0% | 0.1% | -2.0% | -10.3% | 9.5% | -4.6% | -9.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -7.0% | -7.0% | 1.7% | 17.7% | 3.7% | 0.1% | -1.5% | -6.8% | 6.2% | -2.8% | -5.7% |
| ROA | -2.9% | -2.9% | 0.7% | 7.0% | 1.4% | 0.0% | -0.6% | -3.1% | 2.9% | -1.4% | -3.0% |
| ROIC | -0.3% | -0.3% | 2.3% | 8.3% | 3.4% | 3.2% | 2.5% | 2.5% | 3.3% | 2.0% | 1.0% |
| ROCE | -0.4% | -0.4% | 3.0% | 10.9% | 4.4% | 3.9% | 2.9% | 3.1% | 4.4% | 2.6% | 1.4% |
Solvency and debt-coverage ratios — lower is generally safer
Vodafone Group Public Limited Company carries a Debt/EBITDA ratio of 5.5x, which is highly leveraged (59% above the sector average of 3.5x). Net debt stands at $45.5B ($57.4B total debt minus $11.9B cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.99 | 0.99 | 0.96 | 1.03 | 1.23 | 1.16 | 1.11 | 0.83 | 0.63 | 0.63 | 0.61 |
| Debt / EBITDA | 5.52 | 5.52 | 4.16 | 2.92 | 4.83 | 3.47 | 3.91 | 3.99 | 2.84 | 3.28 | 3.78 |
| Net Debt / Equity | — | 0.78 | 0.86 | 0.85 | 1.10 | 1.05 | 0.90 | 0.62 | 0.56 | 0.51 | 0.46 |
| Net Debt / EBITDA | 4.38 | 4.38 | 3.72 | 2.40 | 4.31 | 3.17 | 3.15 | 2.96 | 2.53 | 2.66 | 2.84 |
| Debt / FCF | — | 5.25 | 5.40 | 4.54 | 6.21 | 7.67 | 6.04 | 10.45 | 10.26 | 4.75 | — |
| Interest Coverage | -0.18 | -0.18 | 1.33 | 5.88 | 2.51 | 2.00 | 1.43 | 2.16 | 4.49 | 2.22 | 1.42 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.20x means Vodafone Group Public Limited Company can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.84x to 1.20x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.20 | 1.20 | 1.35 | 0.84 | 0.78 | 0.98 | 0.98 | 1.55 | 0.97 | 1.01 | 0.84 |
| Quick Ratio | 1.18 | 1.18 | 1.33 | 0.82 | 0.75 | 0.96 | 0.97 | 1.52 | 0.96 | 0.99 | 0.83 |
| Cash Ratio | 0.81 | 0.81 | 0.36 | 0.54 | 0.46 | 0.41 | 0.59 | 1.00 | 0.32 | 0.21 | 0.43 |
| Asset Turnover | — | 0.27 | 0.25 | 0.22 | 0.22 | 0.28 | 0.27 | 0.31 | 0.32 | 0.31 | 0.31 |
| Inventory Turnover | 37.40 | 37.40 | 43.06 | 23.45 | 25.75 | 44.51 | 51.31 | 42.24 | 56.40 | 60.03 | 53.87 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Vodafone Group Public Limited Company returns 11.4% to shareholders annually — split between a 5.2% dividend yield and 6.2% buyback yield.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.2% | 7.3% | 10.1% | 8.1% | 6.1% | 5.4% | 6.8% | 8.1% | 5.1% | 5.0% | 4.9% |
| Payout Ratio | — | — | 213.2% | 21.0% | 110.6% | 4113.6% | — | — | 88.9% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 4.7% | 38.9% | 4.6% | 0.1% | — | — | 5.8% | — | — |
| FCF Yield | 28.6% | 35.3% | 40.1% | 42.7% | 27.5% | 17.6% | 27.5% | 7.5% | 4.9% | 10.7% | — |
| Buyback Yield | 6.2% | 7.6% | 0.0% | 6.1% | 5.1% | 0.1% | 2.4% | 0.9% | 2.3% | 0.0% | 0.0% |
| Total Shareholder Yield | 11.4% | 14.9% | 10.1% | 14.2% | 11.2% | 5.5% | 9.2% | 9.0% | 7.3% | 5.0% | 4.9% |
| Shares Outstanding | — | $2.6B | $2.7B | $2.8B | $2.5B | $2.5B | $2.5B | $2.8B | $2.8B | $2.8B | $2.7B |
Compare VOD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| VODYou | $36B | -8.1 | 7.3 | 3.5 | 33.4% | -1.1% | -7.0% | -0.3% | 5.5 |
| VZ | $211B | 12.3 | 8.3 | 10.5 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
| T | $196B | 9.2 | 7.4 | 10.1 | 79.8% | 19.2% | 17.7% | 7.0% | 3.4 |
| TBB | $139B | 7.5 | 6.1 | 7.2 | 79.8% | 19.2% | 17.7% | 7.0% | 3.4 |
| AMX | $78B | 17.4 | 6.3 | 11.2 | 42.9% | 21.0% | 18.1% | 11.2% | 2.6 |
| CHT | $34B | 27.2 | 12.5 | — | 20.6% | 20.6% | 9.9% | 9.2% | — |
| VIV | $27B | 25.8 | 6.7 | 13.2 | 43.9% | 15.5% | 8.0% | 7.8% | 0.9 |
| BCE | $25B | 200.0 | 6.6 | 13.1 | 68.4% | 22.7% | 1.8% | 7.6% | 3.6 |
| TEF | $24B | -65.1 | 5.2 | 4.0 | 69.6% | 5.8% | -0.2% | 2.9% | 4.0 |
| TU | $21B | 26.1 | 9.1 | 12.5 | 33.8% | 11.5% | 6.7% | 3.9% | 4.9 |
| TLK | $21B | 15.0 | 5.3 | 11.1 | 67.9% | 28.7% | 14.8% | 16.1% | 1.0 |
| Communication Services Median | — | 15.1 | 7.5 | 10.5 | 51.2% | -0.7% | 2.4% | 1.7% | 3.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonVodafone Group Public Limited Company's current P/E ratio is -8.1x. The historical average is 44.9x.
Vodafone Group Public Limited Company's current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.4x.
Vodafone Group Public Limited Company's return on equity (ROE) is -7.0%. The historical average is 8.7%.
Based on historical data, Vodafone Group Public Limited Company is trading at a P/E of -8.1x. Compare with industry peers and growth rates for a complete picture.
Vodafone Group Public Limited Company's current dividend yield is 5.24%.
Vodafone Group Public Limited Company has 33.4% gross margin and -1.1% operating margin.
Vodafone Group Public Limited Company's Debt/EBITDA ratio is 5.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.